Summary by Futu AI
Techtronic Ind Co Ltd ('Techtronic Ind') announced unaudited consolidated financial performance for the six months ended June 30, 2024. During this period, Techtronic Ind's sales increased by 6.3% to USD 7.3 billion, and net profit increased by 15.7% to USD 0.55 billion. Flagship brand MILWAUKEE's sales increased by 11.2%, and gross margin increased to 39.9%. Free cash flow reached USD 0.508 billion, and the debt ratio improved to 9.2%. The company appointed Steven Philip Richman as CEO on May 21, 2024. The interim dividend will be paid on or around September 19, 2024, with a mid-term dividend of 13.90 US cents per share. Techtronic Ind's performance was consistently strong across all regions globally, especially in North America, Europe, Australia and Asia, with growth recorded. The company will continue to invest in new product development and talent to drive future growth.